MERF Inc, Sep-Nov (1Q) Ordinary Profit Decreases by 84%, Exceeds First Half Plan

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Tue Jan 14, 2025 3:30 pm JST Earnings

3168 MERF Inc. 【J-GAAP】

Earnings Report

MERF Inc. <3168> [TSE Std] announced its financial results after the market closed on January 14th (15:30). The consolidated ordinary profit for the first quarter of the fiscal year ending August 2025 (September to November) significantly dropped 84.0% from the same period last year to 32 million yen. The progress rate toward the plan for the six months ending February (1H) of 18 million yen is 177.8%, already exceeding the target and also exceeding the five-year average of 70.4%.

In the most recent three-month period, from September to November (1Q), the operating profit margin worsened from 1.3% in the same period last year to 0.1%.

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Actual Results

Accumulated Results 1st Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Sep - Nov, 2022	21,160	89	-23	-21	-1.5	ー	Jan 12, 2023	J-GAAP
Sep - Nov, 2023	17,745	231	200	120	8.6	143.9	Jan 15, 2024	J-GAAP
Sep - Nov, 2024	21,350	14	32	32	2.3	177.8	Jan 14, 2025	J-GAAP
YoY	+20.3%	-93.9%	-84.0%	-73.3%	-72.7%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Sep - Feb, 2023	35,408	433	139	13	0.9	10	Apr 12, 2024	J-GAAP
Sep - Feb, 2024 Guidance	38,300	167	18	10	0.7	10	Oct 11, 2024	J-GAAP
YoY	+8.2%	-61.4%	-87.1%	-23.1%	-22.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Aug, 2023	84,594	532	227	170	12.0	20	Oct 13, 2023	J-GAAP
Aug, 2024	82,070	1,450	1,037	532	37.7	20	Oct 11, 2024	J-GAAP
Aug, 2025 Guidance	77,201	739	439	294	20.8	20	Oct 11, 2024	J-GAAP
YoY	-5.9%	-49.0%	-57.7%	-44.7%	-44.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Sep - Nov, 2023	17,745	231	200	120	8.6	1.3	Jan 15, 2024	J-GAAP
Dec - Feb, 2023	17,663	202	-61	-107	-7.6	1.1	Apr 12, 2024	J-GAAP
Mar - May, 2024	22,351	1,066	1,096	590	41.8	4.8	Jul 12, 2024	J-GAAP
Jun - Aug, 2024	24,311	-49	-198	-71	-5.0	-0.2	Oct 11, 2024	J-GAAP
Sep - Nov, 2024	21,350	14	32	32	2.3	0.1	Jan 14, 2025	J-GAAP
YoY	+20.3%	-93.9%	-84.0%	-73.3%	-72.7%